We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Can NIO's Geely Alliance Drive Battery-Swapping Adoption?
Read MoreHide Full Article
Key Takeaways
NIO and Geely will integrate their charging and battery-swapping networks through cross-shareholdings.
Geely will add electric models compatible with shared swapping standards, supported by NIO.
NIO Power targets 10,000 global battery-swapping stations by 2030, up from 3,790 in February.
NIO Inc. (NIO - Free Report) and Geely Automobile Holdings Limited (GELHY - Free Report) announced a strategic partnership on Sept. 28, 2026, to integrate their charging and battery-swapping networks.
Under the agreement, the two automakers will establish cross-shareholdings to strengthen cooperation across their energy businesses. Geely Holding Group will acquire a 30% interest in NIO Power through a combination of 100% equity in its battery-swapping subsidiary, Yiyi Power, and a cash investment of 640 million yuan. Yiyi Power’s commercial-vehicle battery-swapping operations will subsequently be integrated into NIO Power.
Meanwhile, NIO will purchase a 10% stake in Geely’s charging subsidiary, Haohan Power. The transaction will enable the companies to fully connect their respective charging resources.
Per Economy Observer, the partnership aims to expand battery swapping beyond individual-brand ecosystems and promote greater industry-wide standardization. The collaboration will focus on developing battery-swapping technologies and standards for passenger EVs. Geely plans to introduce new electric models compatible with the shared swapping standards, while NIO Power will provide the supporting battery-swapping infrastructure. NIO Energy aims to operate 10,000 battery-swapping stations globally by 2030, with annual electricity consumption expected to exceed 10 billion kWh.
NIO had 3,790 battery-swapping stations when it surpassed 100 million cumulative swaps in February and plans to add another 1,000 stations this year. The company also recorded a single-day record of 175,976 battery swaps earlier in 2026. Its swapping network supports NIO’s Battery-as-a-Service model, which allows customers to purchase vehicles at lower upfront prices, including the ES9 flagship SUV, which launched at around $54,000.
The Zacks Consensus Estimate for GTX’s 2026 sales and earnings implies year-over-year growth of 7.2% and 25.7%, respectively. The EPS estimate for 2026 and 2027 has improved 10 cents each over the past 60 days.
The Zacks Consensus Estimate for MBLY’s 2026 sales and earnings implies year-over-year growth of 5.6% and 36.1%, respectively. The EPS estimate for 2026 and 2027 has improved 3 cents each over the past 60 days.
View the Zacks #1 Rank List
Image: Bigstock
Can NIO's Geely Alliance Drive Battery-Swapping Adoption?
Key Takeaways
NIO Inc. (NIO - Free Report) and Geely Automobile Holdings Limited (GELHY - Free Report) announced a strategic partnership on Sept. 28, 2026, to integrate their charging and battery-swapping networks.
Under the agreement, the two automakers will establish cross-shareholdings to strengthen cooperation across their energy businesses. Geely Holding Group will acquire a 30% interest in NIO Power through a combination of 100% equity in its battery-swapping subsidiary, Yiyi Power, and a cash investment of 640 million yuan. Yiyi Power’s commercial-vehicle battery-swapping operations will subsequently be integrated into NIO Power.
Meanwhile, NIO will purchase a 10% stake in Geely’s charging subsidiary, Haohan Power. The transaction will enable the companies to fully connect their respective charging resources.
Per Economy Observer, the partnership aims to expand battery swapping beyond individual-brand ecosystems and promote greater industry-wide standardization. The collaboration will focus on developing battery-swapping technologies and standards for passenger EVs. Geely plans to introduce new electric models compatible with the shared swapping standards, while NIO Power will provide the supporting battery-swapping infrastructure. NIO Energy aims to operate 10,000 battery-swapping stations globally by 2030, with annual electricity consumption expected to exceed 10 billion kWh.
NIO had 3,790 battery-swapping stations when it surpassed 100 million cumulative swaps in February and plans to add another 1,000 stations this year. The company also recorded a single-day record of 175,976 battery swaps earlier in 2026. Its swapping network supports NIO’s Battery-as-a-Service model, which allows customers to purchase vehicles at lower upfront prices, including the ES9 flagship SUV, which launched at around $54,000.
NIO’s Zacks Rank & Key Picks
NIO currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are Garrett Motion Inc. (GTX - Free Report) and Mobileye Global Inc. (MBLY - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for GTX’s 2026 sales and earnings implies year-over-year growth of 7.2% and 25.7%, respectively. The EPS estimate for 2026 and 2027 has improved 10 cents each over the past 60 days.
The Zacks Consensus Estimate for MBLY’s 2026 sales and earnings implies year-over-year growth of 5.6% and 36.1%, respectively. The EPS estimate for 2026 and 2027 has improved 3 cents each over the past 60 days.